FREEWON(SH:688678)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 298,521,970.65, representing a year-on-year increase of 10.08%[5]. - The net profit attributable to shareholders for Q3 2023 decreased by 36.68% to CNY 26,093,222.63, while the year-to-date net profit dropped by 53.54% to CNY 50,164,125.32[5][10]. - The basic earnings per share for Q3 2023 was CNY 0.15, down 37.50% compared to the same period last year[6][10]. - Net profit for Q3 2023 was ¥52.92 million, a decrease of 51.9% from ¥109.97 million in Q3 2022[20]. - Basic earnings per share for Q3 2023 were ¥0.29, down from ¥0.63 in Q3 2022[21]. - The total comprehensive income for Q3 2023 was ¥52.92 million, compared to ¥109.97 million in Q3 2022, reflecting a decline[21]. Research and Development - Research and development expenses totaled CNY 27,367,987.90 for Q3 2023, an increase of 21.77%, accounting for 9.17% of operating revenue[6]. - The company plans to continue investing in research and development to enhance its product offerings and market competitiveness[10]. - The company is actively engaged in research and development of new technologies, although specific details were not disclosed in the report[13]. - Research and development expenses for the first three quarters of 2023 amounted to ¥69.90 million, an increase of 19.5% from ¥58.52 million in the same period of 2022[18]. Assets and Liabilities - Total assets at the end of Q3 2023 reached CNY 3,254,182,670.41, reflecting a 41.55% increase from the end of the previous year[6][10]. - Total assets as of September 30, 2023, were ¥3,254,182,670.41, up from ¥2,298,910,243.03, marking an increase of approximately 41.6%[16]. - Total liabilities as of Q3 2023 were ¥1.69 billion, compared to ¥828.31 million in the previous year, indicating a significant increase[20]. - The company's total equity reached ¥1.57 billion in Q3 2023, up from ¥1.47 billion in the same period of 2022[18]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 111,397,661.04, down 17.00% compared to the previous year[5]. - Operating cash inflow for the first three quarters of 2023 was RMB 656,216,311.90, an increase from RMB 641,490,566.03 in the same period of 2022, representing a growth of approximately 2.7%[23]. - Net cash flow from operating activities decreased to RMB 111,397,661.04 in 2023 from RMB 134,209,005.84 in 2022, a decline of about 17%[23]. - Cash outflow from investment activities increased to RMB 889,468,629.62 in 2023 compared to RMB 739,831,460.13 in 2022, marking an increase of approximately 20.2%[24]. - Net cash flow from financing activities significantly improved to RMB 880,208,456.19 in 2023, up from RMB 19,103,853.35 in 2022, indicating a substantial increase[24]. Market Conditions - The company experienced a decline in demand in the consumer electronics sector, leading to inventory destocking and reduced operational capacity[10]. - Future outlook includes potential market expansion and strategic acquisitions to enhance growth opportunities[13]. Shareholder Information - The company reported a total of 83,378,862 shares held by WINWIN OVERSEAS GROUP LIMITED, accounting for 47.87% of total shares[12]. - The number of shares held by the top ten shareholders indicates a concentration of ownership, with the largest shareholder holding nearly half of the total shares[12].